In 2025, energy inflation was almost half (0.83%) of that recorded in 2024 (1.51%), but nearly double that of 2023 (0.46%).
Consumer price indices for the energy basket in Latin America and the Caribbean (LAC) showed greater volatility in 2024 than in 2025.
In 2025, the evolution of the monthly energy inflation variation index in LAC (IIEM) decoupled from the trajectory of international fuel price indices (IPIC).
This indicates that the IIEM in LAC depends more heavily on national policies for setting end-user energy prices than on international market conditions.
Source: Own elaboration based on information from the National Statistics Institutes and Central Banks of OLACDE Member Countries.
Full report available at the following link: https://www.olade.org/en/publicaciones/march-2026report-n-22-energy-inflation-in-latin-america-and-the-caribbean-ie-lac/
